Category Archives: Business

Apis India Strengthens Leadership with Three Key Senior Appointments

New Delhi, June 24: Apis India Limited  one of India’s  honey processing and FMCG companies with a legacy spanning 100 years, has announced three senior leadership appointments as part of its ongoing efforts to strengthen organisational capabilities and support the next phase of growth. The company has appointed Arun Mishra as National Sales Head – General Trade, Ankit Nagar as Chief Financial Officer (CFO) and Key Managerial Personnel, and Pankaj Tripathi as GM-HR, Admin & IT. 

Commenting on the appointments, Mr Amit Anand, Managing Director, Apis India, said:

“As Apis India enters its next phase of expansion, I am confident that these leadership appointments will play a pivotal role in driving our strategic priorities and strengthening our market position.”

He further added,

“We are delighted to welcome Arun, Ankit, and Pankaj to the Apis India leadership team. Arun’s extensive expertise will be instrumental in expanding our distribution network and strengthening our general trade presence across markets. Ankit brings strong financial acumen and experience in building scalable, process-driven organisations, which will be invaluable as we enhance operational efficiency and support long-term business growth. Pankaj’s deep experience in people leadership and talent development will help us build a future-ready workforce and foster a high-performance culture.”

Ankit Nagar,Chief Financial Officer (CFO) and Key Managerial Personnel

Mr Ankit Nagar is a qualified Chartered Accountant with over 16 years of post-qualification experience across financial reporting, financial planning & analysis (FP&A), strategic growth planning, corporate governance, regulatory compliance and transformation initiatives. He has a strong track record of enabling organizations to achieve their growth ambitions while maintaining financial discipline and governance standards. He has led multiple mergers and acquisitions, business restructuring initiatives and managed financial, tax, and legal due diligence for strategic acquisitions as well as overseeing post-merger integration processes to realize synergies and support business expansion objectives.

Prior to joining Apis India, Nagar has worked with Dharampal Satyapal Foods Limited, Modi Rubber Limited, HSBC Electronic Data Processing Pvt. Ltd., and SRBC & Co LLP.

Arun Mishra, National Sales Head, General Trade

Based at the company’s New Delhi headquarters, Mr Arun Mishra will lead the General Trade sales function across India, with responsibility for driving revenue growth and strengthening Apis India’s distribution network. He is a Management Postgraduate with an MBA in Marketing & IT from Apeejay School of Management, Greater Noida, and brings over 25 years of experience in sales and marketing across reputed organisations including Soothe Healthcare, Birla Morton, Modi Naturals, Haldiram Snacks, and Devyani Beverage.

Most recently, Mishra served as Vice President, Sales at Sunbridge Agro, where he oversaw large-scale sales and marketing operations across India.

Pankaj Tripathi – GM-HR, Admin & IT

Mr Pankaj Tripathi holds an MBA in Human Resource Management and brings over 18 years of diverse experience across FMCG, manufacturing, hospitality, and retail sectors. He has held key HR leadership positions at DS Group, PVR INOX, Mahindra Group, and Royal Orchid Hotels. His expertise covers strategic HR business partnering, talent management, industrial relations, and HR digitalisation.

Recently, Apis India reported its highest-ever consolidated annual turnover of ₹390.51 crore in FY 2025-26, reflecting an approximately 11.5% YoY increase. Q4 FY26 was particularly robust, with consolidated net profit rising 27.3% YoY to ₹10.35 crore and revenue growing 8.6% YoY to ₹97.89 crore.

The year was also marked by key strategic milestones: the launch of the MISK Masala Dates range and a government-approved subsidy of approximately ₹1.66 crore towards a new 2,400-MT-per-annum jam manufacturing facility at Roorkee.

India Set to Roll Out Services Production Index

New Monthly Production Index to Enhance Tracking of India’s Services-Led Growth

New Delhi: In a significant step towards strengthening economic data monitoring, the Government of India is set to launch a Monthly Production Index for the services sector in July, providing policymakers, businesses and investors with a more comprehensive view of the country’s economic performance.

The new index is expected to bridge a key data gap by offering high-frequency insights into the services sector, which contributes more than half of India’s Gross Domestic Product (GDP) and serves as a major driver of economic growth, employment and investment.

Officials said the initiative is aimed at improving the measurement of economic activity by providing timely indicators on output trends across major service industries. The index will enable stakeholders to track growth patterns more accurately and assess the health of the economy on a monthly basis.

The move comes at a time when India’s services sector continues to play a crucial role in supporting economic expansion, driven by strong performance in areas such as financial services, information technology, telecommunications, transport, hospitality and professional services.

Experts believe the introduction of the monthly index will strengthen India’s statistical infrastructure and align economic reporting standards with leading global economies that already publish high-frequency services data.

The index is also expected to assist policymakers in making quicker and more informed decisions by providing real-time insights into sectoral performance, demand conditions and emerging economic trends.

Industry analysts have welcomed the initiative, noting that improved data availability can enhance transparency, support investment planning and provide greater clarity on the pace and direction of economic growth.

The launch of the Monthly Production Index reflects the government’s continued efforts to modernise economic data systems and improve the quality of information available for policy formulation and business decision-making.

India, China Explore Ways to Deepen Engagement

New Delhi, June 24: Chinese Foreign Minister Wang Yi met Prime Minister Narendra Modi to discuss ways to deepen cooperation between India and China and strengthen bilateral engagement across multiple areas of mutual interest.

During the meeting, both sides reviewed the current state of relations and exchanged views on enhancing dialogue and stability in ties between the two neighbouring countries.

Wang Yi emphasised the importance of expanding cooperation and maintaining constructive engagement to promote regional stability and mutual development. He noted that closer collaboration between India and China could contribute positively to broader global and regional challenges.

Prime Minister Narendra Modi underscored the need for maintaining peace and stability along the border areas and highlighted the importance of building a relationship based on mutual respect, sensitivity and shared interests.

Both sides acknowledged the significance of regular communication at high levels to address concerns and explore opportunities for cooperation in areas such as trade, investment and people-to-people exchanges.

The meeting reflects ongoing diplomatic efforts to manage differences and strengthen engagement between the two major Asian economies.

India Remains Resilient Despite Global Uncertainty: Report

New Delhi, June 24: India continues to showcase resilience in the face of global economic and geopolitical uncertainties, with strong participation from domestic investors helping stabilize financial markets, according to a recent report.

The report highlights that despite external challenges such as geopolitical tensions, fluctuating commodity prices and global economic slowdowns, India’s financial markets have remained relatively stable due to sustained inflows from domestic investors.

Growing participation from retail investors, mutual funds and domestic institutional investors has provided a strong cushion against volatility triggered by foreign capital movements. This trend has helped maintain investor confidence and support market performance during periods of global turbulence.

Analysts noted that India’s robust macroeconomic fundamentals, expanding digital economy and steady economic growth outlook continue to attract long-term investment interest. The increasing role of domestic capital has also reduced the market’s dependence on foreign institutional flows.

The report further stated that rising financial awareness, greater access to investment platforms and increasing household participation in equity markets have strengthened the country’s investment ecosystem.

Experts believe that the growing influence of domestic investors will remain a key factor in supporting market stability and enhancing India’s ability to navigate global economic shocks in the years ahead.

Adani Electricity Rolls Out Comprehensive Monsoon Readiness Plan Across Mumbai

Mumbai, June 24: Adani Electricity has intensified its monsoon preparedness measures to ensure uninterrupted power supply and safeguard nearly 3.15 million consumers across Mumbai during the rainy season.

The company has implemented a comprehensive contingency plan aimed at minimizing disruptions caused by heavy rainfall, waterlogging, strong winds and other weather-related challenges commonly experienced during the monsoon months.

As part of its preparedness strategy, Adani Electricity has strengthened its network infrastructure, conducted preventive maintenance of substations and distribution systems, and deployed dedicated emergency response teams across key locations in its service area.

Officials said round-the-clock monitoring systems have been activated to quickly identify and address any potential faults, while critical equipment and backup resources have been positioned to ensure rapid restoration of services if required.

The utility has also undertaken inspections of power installations in flood-prone areas and enhanced coordination with local authorities and emergency agencies to improve response capabilities during adverse weather conditions.

With Mumbai entering the peak monsoon period, the company said customer safety and service reliability remain top priorities. Consumers have also been advised to follow electrical safety guidelines and report any power-related issues through the company’s customer service channels.

The preparedness measures reflect Adani Electricity’s ongoing commitment to maintaining reliable power supply and ensuring operational resilience during one of the city’s most challenging weather seasons.

Rapid Solar Energy Expansion Creating New Green Employment Opportunities in India

New Delhi, June 24: India’s accelerating adoption of solar energy is emerging as a major driver of green job creation, with a new report highlighting the sector’s growing contribution to employment and sustainable economic development.

According to the report, the expansion of solar power capacity is generating opportunities across the value chain, including manufacturing, project development, installation, operations, maintenance and related support services.

The growth of the solar sector is being supported by increasing investments in renewable energy, favourable policy initiatives and the country’s commitment to expanding clean energy capacity. These developments are helping create a new generation of jobs aligned with the transition to a low-carbon economy.

Industry experts said the renewable energy sector is not only contributing to India’s energy security goals but is also opening up employment opportunities for skilled, semi-skilled and rural workers.

The report noted that as solar installations continue to scale across utility, commercial and residential segments, demand for trained professionals in engineering, technical services and clean energy management is expected to rise significantly.

Experts believe the solar industry will play a crucial role in supporting sustainable growth, fostering innovation and creating future-ready employment opportunities as India advances its clean energy transition.

With renewable energy becoming a key pillar of economic development, the solar sector is expected to remain a major source of green jobs in the years ahead.

Omani Sanad Al Rawahi becomes first FIA scholar at the European Sport Business School

FIA President Mohammed Ben Sulayem says new scholarship supports next generation byopening doors to management careers in motorsport

Dubai, UAE, June 24: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, today announced that Omani Sanad Al Rawahi has been named the first-ever recipient of the FIA Scholarship for the Master’s in International Sports Management.

Delivered in partnership with the European Sport Business School (ESBS) in Spain, the scholarship offers aspiring motor sport professionals the opportunity to develop the skills, knowledge and network required to build a career in the global sports industry.

Provided through the FIA University Scholarship Programme, it creates new pathways into motor sport for talented individuals from a wide range of backgrounds.

Al Rawahi, Motorsport Manager at the Oman Automobile Association, brings more than a decade of experience managing race facilities, coaching drivers and delivering national and international events.

He has progressed from marshal and racing coach to leading the development and growth of motor sport across Oman. A graduate of the FIA’s Immersion Programme (2024) and Advanced Leadership Programme (2025), he exemplifies the scholarship’s mission to develop motor sport leaders from emerging nations.

H.E. Mohammed Ben Sulayem, FIA President, said: “This new scholarship opens doors to management careers in motorsport, ensuring that future leaders are defined by their potential and ambition.

“As part of our FIA University Scholarship Programme, this addition reflects our commitment to supporting the next generation by expanding opportunities around the world. Congratulations to Sanad as the first scholar to begin this exciting journey, I wish him all the success.”

Sanad Al Rawahi, FIA ESBS Scholar, said: “Winning the FIA Scholarship is a real honour and a milestone in my motor sport journey. It gives me the opportunity to learn from some of the best in the industry, and I hope to bring that knowledge back to Oman to help develop local talent and contribute to the growth of motor sport across the region.”

The Master of International Sports Management prepares students for leadership roles across the sports industry through a practical, industry-focused approach.

Established in 2009, it is recognised as one of the leading sports management degrees in Spain and Europe, and has consistently ranked as the top Master’s of its kind in Spain since 2017. The scholarship covers full tuition fees alongside a contribution towards travel and living costs in Spain.

Jorge Coll, ESBS Founder and Honorary President at ACE Education Spain, said: “We are delighted to welcome the first FIA scholar to the Master’s in International Sports Management. Sanad’s experience and ambition embody exactly the kind of leadership this programme is designed to nurture.”

Further information about the scholarship and how to apply can be found at fia.university or by emailing scholarship@fia.com.

Why Indoor Air Quality Is Becoming a Wellness Priority

When people think of air pollution, they often picture smog-filled roads, vehicle emissions, and industrial smoke. However, what many overlook is that the air inside our homes can sometimes be more polluted than the air outside.

From dust, pet dander, and pollen to cooking fumes, smoke, mould spores and volatile organic compounds (VOCs) released from household products and furnishings, indoor spaces can trap a variety of pollutants. Experts suggest that indoor air can be two to five times more polluted than outdoor air due to limited ventilation and the accumulation of contaminants over time.

As awareness around indoor air quality grows, Eureka Forbes is witnessing increasing consumer interest in solutions that help create healthier living spaces. Air purifiers are becoming an important household appliance, helping remove fine dust, allergens, odours and harmful airborne particles through advanced filtration technologies.

Commenting on the importance of indoor air quality, Dr Anil Kumar, Scientist at Eureka Forbes, said, “People often focus on outdoor pollution because it is visible, but indoor air pollution can be equally concerning. Since we spend a significant portion of our time indoors, maintaining clean indoor air is becoming increasingly important for overall health and well-being.”

Poor indoor air quality can contribute to allergies, respiratory discomfort, disturbed sleep and asthma flare-ups, particularly among children, elderly individuals, and those with existing respiratory conditions. To address this growing need, Eureka Forbes offers smart air purification solutions designed to help consumers create healthier indoor environments.

As conversations around wellness continue to evolve, clean indoor air is becoming an essential part of a healthy lifestyle. While outdoor pollution remains a challenge, improving the quality of the air inside our homes is equally important.

India’s Emerging Insurgent Brands Drive Dollar 7.5 Billion Revenue in FY25

June 24: A new report has highlighted the rapid rise of India’s “insurgent brands,” which together generated over $7.5 billion in revenue in FY25, reflecting strong consumer demand for new-age, digital-first businesses.

These brands, typically characterised by innovative business models, strong digital presence and direct-to-consumer engagement, have been expanding rapidly across sectors such as lifestyle, personal care, food and beverages, and consumer goods.

According to the report, the growth of these brands has been driven by changing consumer preferences, increased online adoption and greater willingness among younger consumers to explore alternative products beyond traditional market leaders.

Industry observers note that improved access to digital platforms, logistics networks and funding ecosystems has enabled these brands to scale quickly and compete with established players in the market.

The report also highlights that insurgent brands are increasingly focusing on niche markets, product differentiation and community-driven marketing strategies to build strong customer loyalty.

Experts believe the segment is expected to continue expanding as India’s digital economy matures, creating new opportunities for entrepreneurship and innovation in the consumer sector.

India and US Hold Series of Meetings to Strengthen Trade Partnership

New Delhi, June 24 : India and the United States have concluded a series of meetings aimed at advancing a mutually beneficial bilateral trade agreement, focusing on expanding economic cooperation and deepening trade and investment ties between the two countries.

Officials from both sides reviewed ongoing discussions and explored pathways to enhance market access, strengthen supply chain resilience and promote balanced trade growth.

The talks are part of continuing efforts to build a comprehensive trade framework that supports businesses, improves economic opportunities and encourages greater collaboration across key sectors including goods, services and emerging technologies.

Both countries reaffirmed their commitment to working together to address outstanding issues and create a more predictable and stable trade environment for businesses and investors.

The discussions also highlighted the importance of strengthening bilateral economic relations in the context of evolving global trade dynamics and shared strategic interests.

Further engagement is expected as both sides continue to work toward finalising a mutually beneficial trade pact.q